Buying an electric car

We all know that the cost of living has increased massively everywhere, as a result of the COVID-19 pandemic, the war in Ukraine, and lots of other issues.  We are all feeling the pinch with our utility bills, and especially with fuel prices.

The increase in fuel prices is a major concern for governments and businesses. Higher fuel prices can cause significant inflation and other economic problems.  Some delivery companies are having to almost double their charges which means customers can’t afford them, so they don’t use them – a vicious cycle.

The price of fuel is increasing in the United States, United Kingdom, and the rest of the world. This has a lot of people worried about the future of their commute.

This article will explore some possible solutions to this problem.

One solution is to have fuel-efficient cars and use public transportation more often.   You could use public transport a few times a week, or consider a car sharing option with your colleagues.  Another option is to use an electric vehicle.

Electric cars are not without their disadvantages. They can be expensive to buy and maintain, and there is a lack of charging stations for them, although that is changing as new housing estates are built with pre-installed charging stations.. But these disadvantages are outweighed by the benefits: electric cars are environmentally friendly, they produce less noise than petrol-powered vehicles, and they use less energy.  And of course, the key benefit we are talking about today, is that they will save you massively on petrol or diesel. Electric cars are quieter and cheaper to maintain than petrol-powered vehicles. They also have lower running costs and produce no emissions.

If you haven’t already got an electric car though, then of course there is an initial outlay.  You would need to consider your budget for a new car, and whether you can afford an electric one.  Look at a car payment calculator to work out what your monthly payment would be, remembering to consider the saving on fuel you will make.  Working out your budget may be a good idea too – how much are you spending on unnecessary things that you could put toward buying your new car? 

Once you have decided on the sort of car you want, and know if you can afford it, then comes the fun bit of going car shopping!  Make sure you do your research, and know the approximate guideline costs you should be paying.  Don’t be sniffy about buying a car a couple of years old, as this will save you a fortune. When you go to the forecourts, make sure you are in the driving seat (pun definitely intended!) – tell the salesperson exactly what you want, and make them work to get it for you.

Remember, if you are buying an electric car, you will need to take into account the costs for charging it up, but its certainly a huge consideration in current world of rising fuel costs.